Global markets gained sudden momentum on Friday. While the shares of many companies close to the digital asset market are on the rise, Bitcoin reached the $ 78,000 level for the first time in the last two months. This move took place following developments that reduced tensions between Iran and the USA.
Strait of Hormuz opened, fear of energy crisis eased
US President Donald Trump announced on the social media platform Truth Social that Iran keeps the Strait of Hormuz completely open and that peace talks between the two countries are progressing positively. The Strait of Hormuz is known as a key transit point for world energy trade. Following this statement, news that the United States was considering releasing approximately $20 billion worth of Iranian assets and that Trump was talking about purchasing Iran’s enriched uranium increased optimism in the markets.
This softening in the energy market suddenly reduced the price of crude oil by 13 percent to 80 dollars per barrel. The decrease in geopolitical risks led investors to want to take more risks.
“The reopening of the Strait of Hormuz gave the long-awaited risk appetite signal in global markets,” said Matt Mena, senior strategist of the digital asset company 21shares, adding that investor confidence and market liquidity began to increase rapidly with this move by Iran.
Rapid Rise in Bitcoin and Altcoins
As geopolitical tensions eased, Bitcoin surpassed $78,000, testing the highest level since early February. There has been an increase of approximately 5 percent in Bitcoin in the last 24 hours. According to CryptoAppsy data, this rise in Bitcoin price also moved altcoins up; In addition to the leading cryptocurrency, assets such as ether (ETH), Solana (SOL) and XRP gained 4-5 percent in value.
With the optimism in the market, the shares of cryptocurrency-focused companies, which have experienced sharp declines recently, also made a remarkable premium. Sharp increases were observed especially in companies that hold digital assets on their balance sheets.
Increases Over 20 Percent in Crypto Company Shares
Shares of the American Bitcoin company (ABTC), known for its closeness to the Trump family, appreciated by over 21 percent. On the other hand, shares of Strategy company (MSTR) increased by 13 percent. Strive (ASST) and ProCap (BRR) also gained 10–11 percent; Analysts stated that investors turned to bitcoin investments with high beta.
Ethereum-focused Forum Markets (FRMM) has recently made a move in the field of tokenization; There was a 19 percent increase in the company’s shares. Solmate (SLMT) and Upexi (UPXI), located in the Solana ecosystem, also increased by 12 and 11 percent, respectively.
The rise in the crypto sector has spread to other digital asset-focused companies. While shares of Coinbase (COIN) gained more than 6 percent, Galaxy (GLXY) increased by 8 percent and Bullish (BLSH) increased by 4.5 percent.
At the same time, US technology-heavy stock markets Nasdaq and S&P 500 also rose 1.4 percent to all-time highs. It was observed that the developments increased the global risk appetite.
